New Indicator Template defines basic input settings including a length value and source selection, then provides empty sections for adding calculations and plot statements. The script renders directly on the price chart as an overlay. Users must insert their own logic into the TODO areas to implement specific calculations or visual elements. No signals, stop loss, or take profit rules are included since the script contains no functional code beyond the template structure.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Length
int
14
length
Source
source
close
source
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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